This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of chiral molecules, where its stereochemistry plays a crucial role in ensuring the desired biological activity of the final product. The compound is often employed in the production of drugs targeting central nervous system disorders, including antipsychotics and antidepressants. Additionally, its structural features make it a useful building block in medicinal chemistry for designing and optimizing drug candidates with improved efficacy and safety profiles. Researchers also leverage its reactivity in organic synthesis to create complex heterocyclic compounds, which are essential in drug discovery and development processes.